The Best Platform to Buy Cryptocurrencies.
Digital currencies have imposed themselves strongly. The impression increased.
So what are the The best platform to buy cryptocurrencies. and the most appropriate for us in terms of several aspects so that we do not fall victim.
Digital currencies are the future, whether we like it or not. This is due to the large number of daily trades and the market value of digital currencies.
A simpler example of this is the value that a currency bitcoin reached when its price hit fifty thousand dollars this month. This encourages people to consider investing in these currencies until a large number of platforms for buying and trading digital currencies emerge.
What is the best platform to buy cryptocurrencies? How is this done and what payment methods are available? and what, how and where do you buy crypro currencies. we find out all of this here:
The best platform to buy cryptocurrencies.
Digital currencies have become very popular. Then the impression grew to buy it and trade with it. the number of platforms is increasing.
What are the best platforms for buying digital currencies? And the most suitable for us, in terms of reliability, security, payment and withdrawal methods .. from our point of view are available, far from sponsored advertising.
A very large number of digital currency trading platforms have appeared, providing the users with the middle and easy way to exchange, trade, sell, buy, and generally invest in digital currencies.
Cryptocurrencies are price volatile compared to the global currency, the dollar. And this is a nice quality of digital currency that makes it profitable for those who know when to buy and sell it.
First, let’s understand what cryptocurrency trading platforms are, what they do and how they are traded, and by looking at a list of the major digital currency shopping platforms like Bitcoin, Ethereum, Litecoin ….
- In The First Place Currently: Wirex
- Best overall: Coinbase
- Best for beginners: eToro
- Best Currencies Available: binance
- Best for safety: bittrex
- Best in ease: cex.io
- Best at no cost: Robinhood
- Best Moment: CoinMama
- Best Interest & Borrowing: BlockFi
- Best for privacy: Bisq
1. In The First Place Currently: Wirex
Why is Firex the first now?
Multiple rewards, easy control of your money with Wirex.
Wirex is an endless payment platform that allows you to keep, spend and manage fiat currencies and cryptocurrencies. The application includes a wallet and payment card that allow users to exchange various fiat and digital currencies at interbank and OTC rates.
With the Travel Card you can make payments with your Wirex account in 54 million branches in the global Mastercard network, support more than 150 currencies and make your international payments automatically in local currency at the interbank rate without additional fees.
Pros:
cons:
Website => Wirex.
2. Best overall: Coinbase
Coinbase is a trusted leader in the cryptocurrency space. Through which it is possible to buy, sell and change digital currencies easily. Payment is available till Paypal.
It contains the most important and most famous digital currencies such as Bitcoin, Ethereum, Bitcoin, and others.
It is a large cryptocurrency provider and convertor based in San Francisco. It boasts over 43 million users in over 100 countries, making it a popular choice for cryptocurrency enthusiasts, investors, and traders.
The best platform to buy cryptocurrencies.
Coinbase claims to have more than $ 90 billion in assets and has facilitated the trading of over $ 455 billion. You can trade dozens of currencies, including Bitcoin.
Coinbase charges several fees, which you disclose in advance when entering into a transaction. These include a flat fee per transaction and a difference of approximately 0.50%. Fees vary based on the funding method, up to 3.99% when using the debit card to purchase. Serious users may want to upgrade to Coinbase Pro, which uses its own pricing model.
If you are new to bitcoin and cryptocurrencies, Coinbase is the perfect place to start in the world of cryptocurrencies as it supports many popular cryptocurrencies, a proven track record of security, and reasonable fees.
Pros:
A recognized leader in the United States with a relatively long proven track record in the industry and over 43 million verified users
Reasonable fees and support for a large number of popular currencies
The majority of user assets are stored in a secure cold storage offline.
cons:
Fees can be high if the capital is large, because they are dealt at a percentage rate.
Website => Coinbase.
3. Best for beginners: eToro
eToro is in second place, we suggest to you the eToro platform, which is famous in the world of forex and trading, and has included a huge number of digital currencies, so eToro is the most suitable choice for beginners thanks to an easy-to-use platform and demo accounts that allow you to test buying Bitcoin without risking real money.
The best platform to buy cryptocurrencies.
If you are looking for a simple and focused platform that allows you to buy bitcoin while learning more about the cryptocurrency ecosystem, then eToro might be for you. Those new to Bitcoin will appreciate the simple and straightforward platform and CopyTrader system that allows you to mimic trades from others on the platform.
You can test the waters with a virtual account of $ 100,000 without any risk to your actual money upon registration. Once you feel comfortable, you can enter a real trade in real dollars. Just note the 0.75% spread for bitcoin and higher fees for other currencies.
Pros:
An easy-to-use web platform suitable for beginners in the bitcoin world
Free demo accounts with $ 100,000 of virtual money
Copy trading system to learn from other users and benefit from their profits.
cons:
0.75% spread fee on Bitcoin purchases and higher fee on other currencies depending on the spread of each currency
$ 25 for withdrawal fees, whatever the amount of the amount, and this is a plan from the platform to avoid withdrawals every time.
Website => eToro
4. Best Currencies Available: binance
Pros:
Fast – The US Binance platform uses the same Binance technology, which processes 1.4 million requests per second.
Low fees – Binance US charges a 0.1% transaction fee, lower if you pay in BNB.
Liquidity – Since the start of trading on the platform, Binance US has provided high liquidity to its clients.
Great Customer Service – Binance US provides better customer service than the original. It is based in the United States, where “the customer is always right.”
Good reputation. The Binance platform is known to pay attention to user security and keep innovating constantly.
cons:
Currently, Binance US does not provide services in New York due to the lack of regulatory requirements required by New York. 12 other states were also affected: Alaska, Alabama, Connecticut, Georgia, Florida, Hawaii, Louisiana, North Carolina, Idaho, Vermont, Washington, Texas. But Binance US is working to get people from these 13 states ready to trade.
Limited choice of cryptocurrencies to trade. Although they are exploring 23 additional coins, Binance US currently only offers 7 coins. This is a far cry from the hundreds that Binance itself has to offer.
Enter the site: binance
5. Best for safety: bittrex
Pros:
Fully regulated and law-compliant in the United States.
Extremely secure, with two-factor authentication (2FA). It has not been hacked.
Requires minimal personal information for verification.
Verification process is faster than other exchanges.
Withdrawals up to $ 3,000 per day are permitted.
Easy-to-calculate fees.
Supports more than 250 cryptocurrencies.
Available in most countries.
cons:
It does not support deposits or withdrawals of fiat currencies.
Does not support margin trading and lending.
Wait times are high due to low liquidity.
Slow customer support.
Website => bittrex
6. Best in ease: cex.io
Pros:
Competitive trading fees. CEX.IO’s tiered trading fee structure is competitive compared to other cryptocurrency exchanges.
Card payments. Card deposits and withdrawals are a convenient option.
Common trading platform and broker. CEX.IO users can trade with each other, or purchase directly from CEX.IO as a broker.
cons:
The card fee is high. Deposits and withdrawals via credit cards are fast, convenient, and costly.
Limited currency selection. CEX.IO offers a limited range of cryptocurrencies compared to many others.
Enter the site: cex.io
7. Best at no cost: Robinhood
Robinhood is our cost-effective choice thanks to our commission-free bitcoin trades.
When you pay a fee of 0.5% or more to buy and sell, you are forgoing a large chunk of your potential Bitcoin winnings right off the top. Robinhood is well-known as a commission-free stock broker, but you can buy and sell bitcoin without commissions as well. If you already have some experience investing in the stock market, buying cryptocurrencies with Robinhood is likely a familiar thing, which is a bonus for those new to bitcoins.
Robinhood Crypto is a technically separate account that you use in conjunction with a Robinhood stock investment account. It supports a fairly short list of currencies, but that could be fine for many bitcoin buyers.
Pros:
There is no commission for buying or selling bitcoins.
A very similar platform for trading stocks.
cons:
Short list of supported currencies.
There is no option to withdraw Bitcoin to the cryptocurrency wallet.
Website => Robinhood
8. Best Moment: CoinMama
Coinmama offers instant bitcoin purchases with many payment options and high limits.
If you want to own Bitcoin as quickly as possible, and indeed a Bitcoin wallet, Coinmama might be your best option. Coinmama features quick account setup and verification. Once logged in, you can buy Bitcoin instantly using several payment methods, although there may be a fairly high price for these online buying privileges.
You can use a credit or debit card to purchase one of ten different currencies. When you place an order, the funds are instantly verified with your connected card by Coinmama, and then the cryptocurrency you chose is deposited into your crypto wallet. Those in the UK and EU have additional instant financing options not available in the US.
We hope they will add the US-based ACH payments as a funding method, although the nature of electronic transfers in the US will not allow for immediate purchases using this funding method. But if you have a credit or debit card and don’t mind the fees, Coinmama allows you to buy coins with any bitcoin wallet instantly.
Pros:
Instant order delivery
Delivery of bitcoins to any cryptocurrency wallet
Fast account setup and many financing options
cons:
Complex fee structure
5% additional fee for immediate delivery
There is no support for ACH bank transfers
Website => CoinMama
9. Best Interest & Borrowing: BlockFi
BlockFi offers the option to borrow with Bitcoin as collateral, trade without fees, and lend to earn interest.
If you have a lot of cryptocurrencies and want to do more of them without selling, you should know about BlockFi.
BlockFi enables you to earn interest when depositing your Bitcoin into an account. If you want to open your Bitcoin without selling, you can also use your existing Bitcoin as collateral for a loan, but take note of interest rates from 3% to 9.3% and the required 2% origin fee. You can also buy and sell Bitcoin and other cryptocurrencies with no additional trading fees.
Early adopters with a cryptocurrency cart or with major holdings could receive serious benefits at prices up to an APY of 8.6% (as of February 2021). BlockFi also has a new rewards credit card that will pay you in Bitcoin, showing a lot of the innovation that will come from this unique exchange of crypto.
Pros:
Crypto deposit into an interest earning account that pays up to 8.6% APY
Use valuable Bitcoin as collateral for a US dollar loan
There are no additional fees for cryptocurrency trades
cons:
Loan interest rates are as high as 9.3%
Website => lockFi
10. Best for privacy: Bisq
A decentralized feature of Bisq that improves privacy and anonymity when buying and selling Bitcoins through an open source desktop application.
For those who are drawn to the anonymity that Bitcoin provides, Bisq may offer what you’re looking for. Bisq is a decentralized exchange that does not require any signup or account. This means you can use Bisq to buy and sell with almost complete privacy. The required Bisq desktop app is open source and free to use.
Bisq supports a wide range of payment methods, including bank transfers, Chase Quick Pay, PopMoney, ZIL, and Western Union.
Bisq is best for those who have at least a little encryption experience.
Pros:
A decentralized peer-to-peer network improves privacy
Software to buy and sell is open source
No registration required
cons:
The potential for slow transactions
Not ideal for active traders
